Penzance: Fredericksburg
The local planning commission has unanimously recommended disapproval for a proposed data center campus in Fredericksburg, Virginia.
Penzance is a fully integrated real estate owner, operator, and developer with a best-in-class institutional investor base. We have an over 25-year track record of success investing across the region in multifamily, industrial, data center, and other commercial assets. Penzance is founder led, woman-owned, and ESG focused, with a diverse team of complimentary skillsets. The company has committed over $3.5 billion of gross capital during our history and manage discretionary capital through multiple fund vehicles.
The local planning commission has unanimously recommended disapproval for a proposed data center campus in Fredericksburg, Virginia.
Real estate firm Penzance is launching a massive $4 billion data center development in West Virginia’s eastern panhandle.
Real estate firm Penzance has commenced construction on a new, three-story data center in Chantilly, Virginia.
October 30, 2026 West Virginia
FirstEnergy's data center pipeline grew to 26 GW in the third quarter. The pipeline expanded 4.8% from the prior quarter, and the West Virginia portion climbed to 6 GW from 4.3 GW. Monongahela Power and Potomac Edison, the FirstEnergy utilities behind the Maidsville Energy Center, expect a...
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October 27, 2026 Northern Virginia
Amazon has settled its civil claims against two former AWS real estate managers it accused of taking kickbacks on Northern Virginia data center deals. The company told a federal court on October 20 that it had reached the agreement with Carl Nelson and Casey Kirschner, less than two weeks before...
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October 20, 2026 West Virginia
Nscale is in talks to sell Anthropic roughly $45 billion of AI computing capacity from a second building at its Monarch data center campus in West Virginia, a deal that would nearly double the AI lab's commitments to the Nvidia-backed neocloud. Bloomberg first reported the talks on Monday,...
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October 15, 2026 Northern Virginia
State Sen. Russet Perry on Tuesday released draft legislation that would halt approvals for new data centers across Virginia for three years, escalating the political fight over the industry's growth in the world's largest data center market. Senate Bill 843 would take effect July 1, 2027...
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October 13, 2026 Northern Virginia
Texas now has more data center capacity operating and under construction than Virginia. Baxtel tracks 28.3 GW built or building in Texas, against 17.8 GW in Virginia. On capacity already online, Virginia still leads, 12.3 GW to 11.1 GW. If projects scheduled for this year deliver on time, Texas...
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June 24, 2026 West Virginia
A 100MW data center could be developed in Wheeling, West Virginia. Stokes Inc said Silicon Foundation has acquired a 15-acre industrial site at 74 Warwood Avenue, formerly the Centre Foundry, to build a 60,000 sq ft (5,575 sqm) facility. Stokes will act as EPC contractor. The site has an active...
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